Interest-Rate Fears Spur Home Sales

Fearful home buyers are jumping into the market, worried that they will get priced out by rising interest rates.

Sales of existing homes continued at a torrid pace in April, rising 2.5% to a seasonally adjusted annual rate of 6.64 million units from March. The national median home price in April was $176,000, up 7.3% from a year earlier, the National Association of Realtors reported yesterday. So far this year, home sales are running...